For Sale
$8,489,000

711 Town Center Dr Oxnard, CA 93036

High-Traffic Location, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 3,286 square foot Shake Shack restaurant with a double drive-thru, built in 2024. Located at 711 Town Center Dr, Oxnard, CA 93036, this property sits on a 1.01-acre lot and benefits from a high-traffic location directly off US-101 (124,938+ vehicles per day), with additional exposure from Town Center Drive (17,849+ VPD) and Oxnard Blvd (42,562+ VPD). The property features a 15-year absolute NNN ground lease commencing February 1, 2025, and expiring January 31, 2040, with two 5-year renewal options. The lease includes a corporate guarantee from Shake Shack, a rapidly expanding national chain with over 552 global locations. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a 4.35% cap rate and a strong net operating income (NOI) of $369,248. The asking price is $8,489,000, translating to a price per square foot of $2,583.38. Nearby national retailers include Chick-fil-A, Panda Express, Walmart Neighborhood Market, and Home Depot, further enhancing the property's desirability. Oxnard, CA, is a thriving community ranked among the top places to retire and buy a new home, with a population exceeding 200,415. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant upside potential.

Highlights

  • 2024 Construction, 3,286 SF building on 1.01-acre lot.
  • Brand new, 2024 construction, 15-year ground lease with 5-year, 10% rent increases.
  • New prototype building with double drive-thru lane.
  • High-traffic location: Town Center Drive (17,849+ VPD), Oxnard Blvd (42,562+ VPD), and direct US-101 access (124,938+ VPD).
  • Strong co-tenancy with Chick-fil-A, Panda Express, Walmart, Home Depot, and others.
  • Shake Shack, a rapidly expanding national chain (552+ global locations).

Property Details for 711 Town Center Dr

Property type
Retail properties, Restaurants
Square Feet
3,286 SF
Year Built
2024
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Oxnard
County
Ventura
State
California
Latitude
34.2418087
Longitude
-119.180378

FAQs

What type of property is this?
Retail property - High-Traffic Location, Strong Tenant
Where is the retail property located?
The property is located at 711 Town Center Dr Oxnard, CA.
What is the asking price?
The asking price for this property is $8,489,000.
What are key features of this property?
This property features: 2024 Construction, 3,286 SF building on 1.01-acre lot.; Brand new, 2024 construction, 15-year ground lease with 5-year, 10% rent increases.; New prototype building with double drive-thru lane.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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711 Town Center Dr
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